ANNOUNCEMENT ABOUT THE COOPERATION WITH SPECIALIZED APPRAISAL ORGANIZATIONS

11.03.2010

“ARMSWISSBANK”, closed joint company, (hereinafter referred to as, the Bank) announces for the cooperation the election of specialized estate appraisal organizations for carrying out the evaluation of the property laws, as well as the estates taken as an insurance by the Bank against the rendered services.
The specialized appraisal organizations can take part in the election.
The applications for the cooperation are received in the Bank each working day till 18:00 till the 25th of March, 2010. Applications can be brought personally or be sent via post offices within a deadline period indicated above.The information and documents can be presented either in Armenian or in Russian and English.
Appraisal organizations, which would like to cooperate with the Bank, should present the following information:

Copy of State Register Certificate

Copy of License about Evaluation Activity given by State Authorized Body

Copy of Charter

Professional Insurance Certificate (if applicable)

List of Cooperating Organizations

Reference Letter from other Financial Structure (as per wish)

Reference about Evaluation Principles, Methods and Other Possible Sources for Each Type of Property

List of Appraisers, Information about Level of Qualification and Work Experience

Information about Branches, Representative Offices or Subsidiary Enterprises Existing in RA or Abroad and about Geographical Limitations

Terms and Conditions of RenderedServices Including Taxes (presented with chart)

Other Expenses

In case of necessity the Bank can ask the organizations to bring additional information and documents.The bank is not responsible for the expenses gone by the organizations, irregardless the Bank will sign a cooperation contract or won’t.The Bank will sign a contract with preferable organizations between the periods from 1 to 3 years.

For additional information contact with the head of Legal Division: Karen Meliksetyan